Is 35986, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35986 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 35986 has remained a Buyer's Market.

Key Takeaway

35986 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35986, AL

How much do homes in 35986, AL cost?

Median Sold Price

$228,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,100(+11.3%)

Key Takeaway

Homes in 35986 have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in 35986 was $228,000 in November 2024, up 11.3% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K$82K
-61.0%
2 $129.5K$190K
+46.7%
3 $199K$228K
+14.6%
4 $269K$243.5K
-9.5%
5+ $367.5K$345K
-6.1%

Summary: 35986 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61%, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 6.1%.

Median Sold Price Compared To Nearby Zip Codes

35971
+21.9%
35986
+11.3%
35968
-7.7%

Housing Supply in 35986, AL

How many homes are available in 35986, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4351+18.6%

Summary: The 35986 real estate market had 51 homes for sale in November 2024, a 18.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 3339
+18.2%
4 67
+16.7%
5+ 00
0.0%

Summary: The 35986 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35986, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 35986 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 35986, AL

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 35986, AL

Nearby Markets to 35986, AL